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Consolidated Statement of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Net sales $ 718.3 $ 596.4 $ 2,023.3 $ 1,683.4
Operating costs and expenses:        
Cost of sales 479.3 442.6 1,420.1 1,301.2
Depreciation and amortization 31.1 29.6 91.3 86.0
Selling and administrative 49.2 47.0 144.8 135.8
(Gain) loss on sale or impairment of long-lived assets, net 0.7 0.3 (1.8) 1.0
Other operating credits and charges, net (0.9) 0.0 4.5 11.4
Total operating costs and expenses 559.4 519.5 1,658.9 1,535.4
Income from operations 158.9 76.9 364.4 148.0
Non-operating income (expense):        
Interest expense, net of capitalized interest (4.9) (9.0) (14.8) (26.3)
Investment income 2.9 2.5 7.2 6.4
Loss on early debt extinguishment 0.0 (13.2) 0.0 (13.2)
Other non-operating items (0.6) (0.5) (2.4) 1.4
Total non-operating income (expense) (2.6) (20.2) (10.0) (31.7)
Income from continuing operations before taxes and equity in income of unconsolidated affiliates 156.3 56.7 354.4 116.3
Provision (benefit) for income taxes 46.4 (7.5) 97.9 13.1
Equity in income of unconsolidated affiliates (1.0) (1.4) (3.8) (4.4)
Income from continuing operations 110.9 65.6 260.3 107.6
Loss from discontinued operations before tax (1.7) 0.0 (1.7) 0.0
Benefit for income taxes (0.6) 0.0 (0.6) 0.0
Loss from discontinued operations (1.1) 0.0 (1.1) 0.0
Net income $ 109.8 $ 65.6 $ 259.2 $ 107.6
Basic net income per share of common stock:        
Income per share continuing operations $ 0.77 $ 0.46 $ 1.80 $ 0.75
Loss per share discontinued operations (0.01) 0.0 (0.01) 0.0
Net income per share 0.76 0.46 1.79 0.75
Diluted net income per share of common stock        
Income per share continuing operations 0.76 0.45 1.78 0.74
Loss per share discontinued operations (0.01) 0.00 (0.01) 0.00
Net income per share $ 0.75 $ 0.45 $ 1.77 $ 0.74
Weighted average shares of stock outstanding - basic 144.5 143.7 144.4 143.3
Weighted average shares of stock outstanding - diluted 146.5 145.4 146.3 145.2